Why Fiscal Stimulus is Unlikely to Work

Kevin Hassett

International Finance, 2009, vol. 12, issue 1, 75-91

Abstract: This paper reviews the empirical literature on countercyclical policy. It finds that three types of countercyclical policies have been studied in the literature: built‐in stabilizers, temporary policy changes and more permanent policy changes. The literature is decidedly mixed on the effectiveness of temporary changes, but more hopeful concerning the other two.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:bla:intfin:v:12:y:2009:i:1:p:75-91

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